Human Resource Management

Credit: IndiaMart

Human resource management involves creating personnel policies and procedures that support business objectives and strategic plans. Human resources managers plan, coordinate, and direct the administrative functions of an organization. Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, labor-power, or personnel.

Credit: Xobin

Why Human Resource Management is important ?

It helps create a positive work culture.

Credit: Vecteezy

Programs related to training, development, work-life balance, and diversity and inclusion are all components of a well-run HR function

There are Seven Pillars of Human Resource Management (HRM)

Pillar 1: Talent Management, Recruitment and Selection. ...

Pillar 2: Learning and Development. ...

Pillar 3: Human Resources Department Performance Management. ...

Pillar 4: Compensation and Benefits. ...

Pillar 5: Employee Relations. ...

Pillar 6: Legal and Regulatory Compliance and Risk Management. ...

Pillar 7: HR Technology and Analytics.